Spectrum Brands (NYSE:SPB) Given “Buy” Rating at Oppenheimer

Spectrum Brands (NYSE:SPB)‘s stock had its “buy” rating restated by Oppenheimer in a research note issued on Wednesday, December 20th.

A number of other research firms also recently weighed in on SPB. Royal Bank of Canada restated a “buy” rating and issued a $155.00 price target on shares of Spectrum Brands in a research note on Wednesday, November 15th. Gabelli upgraded Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Wells Fargo & Co restated an “outperform” rating and issued a $125.00 price target (down from $147.00) on shares of Spectrum Brands in a research note on Tuesday, October 31st. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a report on Wednesday, November 15th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $143.00 price objective on shares of Spectrum Brands in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $141.67.

Shares of Spectrum Brands (NYSE SPB) opened at $120.62 on Wednesday. The firm has a market capitalization of $6,950.00, a PE ratio of 24.03, a PEG ratio of 1.79 and a beta of 0.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. Spectrum Brands has a 12-month low of $98.11 and a 12-month high of $146.09.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $1.31 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts forecast that Spectrum Brands will post 6.16 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. purchased a new stake in Spectrum Brands during the second quarter valued at about $113,000. Toronto Dominion Bank grew its position in Spectrum Brands by 244.3% during the third quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after acquiring an additional 794 shares during the period. FNY Partners Fund LP purchased a new stake in Spectrum Brands during the second quarter valued at about $187,000. SG Americas Securities LLC grew its position in Spectrum Brands by 50.6% during the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after acquiring an additional 533 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new stake in Spectrum Brands during the third quarter valued at about $214,000. Hedge funds and other institutional investors own 48.23% of the company’s stock.

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Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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